Financial Accounting: P2-2 Vince Smith opened a law office on March 2, 2012

Financial Accounting and the Entrepreneur 
Vince Smith opened a law office on March 2, 2012. During the first month of operations, the business completed the following transactions: 
Mar. 2 Smith deposited $42.000 cash in the business bank account Vince Smith, Attorney 
3 Purchased supplies, $400, and furniture, $1.900, on account 
4 Performed legal services for a clien and recieved cash $1.900 
7 Paid cash to acquire land for a future office site, $26.000 
11 Prepared legal documents for a client on account, $800 
15 Paid secretary's bi-monthly salaries, $550 
16 Paid for the supplies purchased March 3 on account 
18 Recieved $2.300 cash for helping a client sell real estate 
19 Defended a client in court and billed the client for $700 
29 Received cash on account, $600 
31 Paid secretary's bi-monthly salari, $550 
31 Paid rent expense, $910 
31 Smith withdrew $2.100 for personal use 

1. Record each transaction in the journal, using the account titles given. Key each transaction by date. Explanations are not required. 
2. Post the transactions to T-accounts, using transaction dates as posting references in the ledger accounts. Label the balance of each account "Bal." 
3. Prepare the trial balance of Vince Smith, Attorney at March 31, 2012.
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